Highlights
Visible gold was identified in hole 21-SD-010 which returned a number of intersections including 7.15 metres at 258.24 grammes per tonne ('g/t') of gold.
Drilling on the Toucano trend at Sao Domingos has intersected three mineralised structures, all hosted within a mineralised alteration zone with a true width of 50 metres.
Mineralisation is confirmed along at least a 400 metre strike length and remains open at depth and along strike.
Significant new results received include.
21-SD-010 - 7.40m @ 1.95/t Au from 141.00m, including 1.90m @ 5.12g/t Au
21-SD-010 - 7.00m @ 9.68g/t Au from 151.55m, including 1.40m @ 26.24g/t Au
21-SD-010 - 7.15m @ 258.24g/t Au from 172.85m, including 3.55m @ 519.45g/t Au
21-SD-005 - 0.80m @ 89.03g/t Au from 140.00m
21-SD-005 - 4.70m @ 1.42g/t Au from 76.00m
21-SD-003 - 0.50m @ 6.22g/t Au from 42.00m
21-SD-003 - 1.80m @ 3.77/t Au from 67.25m
A Soil Sample geochemical survey, undertaken in the eastern area of the Sao Domingos tenement that runs into the western part of the Sao Chico Mining License, has defined multiple areas of anomalous gold in soils. These gold in soil anomalies are coincidental with and supported by other multi-element anomalies.
'With holes 21-SD-005 and 21-SD-002, drilled on the next step out section, 200 metres to the north east along strike, returning further encouraging intersections including gold grades of up to 89 g/t, we are very encouraged with how Toucano is evolving. The plan is to complete the drilling along section 1 over the Toucano pit area to establish the full strike width of the mineralised zone, before moving along strike to the north east and south west, and repeating the drilling on a series of parallel sections. With artisanal activity and initial drilling already in place, we have a potential strike of 600 metres, and the plan is to replicate the drill coverage undertaken on the central section over that entire strike length.
Contact:
Tel: +44 (0)20 7246 6830
Email: contact@serabigold.com
Web: www.serabigold.com
Forward Looking Statements
Certain statements in this announcement are, or may be deemed to be, forward looking statements. Forward looking statements are identified by their use of terms and phrases such as ''believe'', ''could'', 'should' ''envisage'', ''estimate'', ''intend'', ''may'', ''plan'', ''will'' or the negative of those, variations, or comparable expressions, including references to assumptions. These forward-looking statements are not based on historical facts but rather on the Directors' current expectations and assumptions regarding the Company's future growth, results of operations, performance, future capital and other expenditures (including the amount, nature and sources of funding thereof), competitive advantages, business prospects and opportunities. Such forward looking statements reect the Directors' current beliefs and assumptions and are based on information currently available to the Directors. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements including risks associated with vulnerability to general economic and business conditions, competition, environmental and other regulatory changes, actions by governmental authorities, the availability of capital markets, reliance on key personnel, uninsured and underinsured losses and other factors, many of which are beyond the control of the Company. Although any forward-looking statements contained in this announcement are based upon what the Directors believe to be reasonable assumptions, the Company cannot assure investors that actual results will be consistent with such forward looking statements.
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